What is Intellectual Property?
Intellectual property is anything that is created in the mind, such as inventions, creative works, and concepts. It is one of the most important assets of a company. Intellectual property is divided into two categories: industrial property and copyright. Industrial properties are patents, industrial designs, trademarks, and geographical indications. Copyrights are for literary works, music, films, and architectural designs.
With intellectual property come intellectual property rights. These rights allow creators and owners to benefit from their work or investments in work. When these rights are violated, you can take legal action.
If you have an intellectual property dispute, arbitration may be the legal pathway for you.
What is Arbitration?
Arbitration is a discreet and confidential way to solve disputes without going to court. Unlike court litigation, arbitration can be done under a single proceeding. Procedures can also often be short. International disputes can be solved neutral to law and language. Also, parties can select their own arbitrator to ensure the decision-making is done by someone with relevant expertise.
Arbitration is becoming increasingly popular with intellectual property disputes because they commonly take place internationally. International court cases can be difficult and lengthy. Arbitration can make the issue resolution process smoother and faster.
Our Aiken Schenk team is skilled in arbitration and is ready to help you. With nearly 20 years of experience, our arbitrators Shawn Aiken, Phil Rupprecht, and Burr Shields can give you the legal help you need. Attorneys at Aiken Schenk have worked as sole arbitrators in commercial and business claims. Their focus is largely on contracts with an emphasis on partnership, operating, and other commercial agreements, such as misrepresentation, employment disputes, and intellectual property.
For more information about intellectual property and arbitration, check out our arbitration resources.
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